Document Type
Article
Abstract
Theory and empirical study about demand for money is the key feature in macroeconomics theory. The study about demand for money in Indonesia has been developing with various techniques. Its result in various analyses can be difficult in understanding behaviour of demand for money in Indonesia. This paper aims to find out the tendency of demand for money in Indonesia by analyzing long run and short run income elasticity and opportunity cost elasticity. We use fixed effects meta-analysis and unweighted average meta-analysis. The result shows that income elasticity and opportunity cost elasticity are consistent with theory of money demand. That result can be used as an empirical foundation to future study about demand for money in Indonesia. Keywords: demand for money, meta analysis, fixed effects.JEL Classification code: E41, E52
Recommended Citation
Riyandi, Galih
(2012)
"META-ANALYSIS OF MONEY DEMAND IN INDONESIA,"
Bulletin of Monetary Economics and Banking: Vol. 15:
No.
1, Article 3.
DOI: https://doi.org/10.21098/bemp.v15i1.415
Available at:
https://bulletin.bmeb-bi.org/bmeb/vol15/iss1/3
First Page
41
Last Page
62
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
Country
Indonesia
Affiliation
Gadjah Mada University
